1. Unit 1: Concepts (Economics) I
7th Grade Social Studies

2. SS7E1, SS7E5, SS7E8
The student will analyze different economic systems

3. SS7E1a, SS7E5a, SS7E8a Traditional Economy:
Based on customs and beliefs

4. SS7E1a, SS7E5a, SS7E8a Command Economy:
The Government answers all economic questions

5. SS7E1a, SS7E5a, SS7E8a Market Economy:
Individual citizens (producers + consumers) (buyers + sellers) answer all economic questions

6. SS7E1b, SS7E5b, SS7E8b Mixed Economy:
Combination of command and market economies
The government and individual citizens share responsibility in making economic decisions
All national governments have mixed economies in place

7. Continuum
All countries have mixed economies that are found on a continuum between pure command and pure market:
Command (A) (B) Market
Mixed market

8. Command----(A)------------------(B)--------Market
“A” is more of a command economy because the government makes more business decisions
Command----(A) (B) Market
Mixed

9. Command--------(A)--------------(B)--------Market
“B” is more of a market economy because individual citizens make more business decisions
Command (A) (B) Market
Mixed